Wells Fargo & Co. has announced the tap-to-pay technology for its credit and debit cards. Wells Fargo contactless credit cards are now being rolled out to its new customers. The San Francisco-based American multinational financial services company is joining its rivals JPMorgan Chase & Co. and Bank of America Corp – among other US banks – who have already adopted this NFC (near field communications) tech for their credit and debit cards. Wells Fargo customers will be able to tap their credit cards to make payments instead of swiping them.…

NFC Money Transfer Candidate Specification allows for simple and secure NFC-based payment solutions. The NFC Forum, a Massachusetts-based non-profit industry association and advocate of Near Field Communication (NFC) technology has launched an NFC payments solution. The solution, known as the NFC Money Transfer Candidate Specification (NMT) has been designed as an alternative to QR code-based payments that gives payment service providers and consumers the chance to take advantage of simple and secure NFC-based payment systems that already exist worldwide. The NMT solution eliminates the need for a camera or a…

Payconiq gives Belgian debit card holders an easy way to pay in store, online and transfer money. Payconiq, the newly launched QR mobile payments app by Bancontact, supports both NFC and static dynamic QR codes contactless payment options. In addition to giving debit card users the ability to make payments in store and online, they can also transfer money direct to their contacts using a single app on their smartphone. Payments can be made at 290,000 payment points across Belgium. The QR mobile payments app was launched after the merger…

Soon Target customers will have the option to pay with their smartphone using multiple methods. Target mobile payments are set to expand to include Apple Pay, Google Pay, Samsung Pay as well as “contactless cards” from credit card giants Visa, MasterCard, American Express and Discover. Target customers can use both smartphone or compatible wearable devices to make their purchases. One of America’s most popular department store retailers, and the 8th largest in the nation, Target mobile payments were first rolled out in 2017. At the time, the popular wallet feature,…

Scientists have invented a new technology that may help with food poison prevention. A team of researchers from China and the US have created unique NFC labels designed to be attached to food packaging that can send out a rotten food warning to smartphones, reported the Daily Mail. Every year, 3,000 people die from foodborne illness. According to the US Centers for Disease Control and Prevention, every year, 48 million people in the nation get sick from foodborne illness. Of this vast number, approximately 125,000 people are hospitalized for food…